Shardul Amarchand Mangaldas advises Grofers International Pte. Ltd. to raise funding of approximately USD 100 million as part of its Series G round of investment from Zomato Limited
September 6, 2021
Shardul Amarchand Mangaldas & Co. advised Grofers International Pte. Ltd. on its Series G round of fundraise of approx. USD 100 million from Zomato Limited. The date of closing was 18 August, 2021.
The Transaction valued the Grofers Group at over USD 1 billion and marked its entry to the unicorn club.
The General Corporate team was led by Puja Sondhi, Partner; Rahul Chugh, Partner; Kartik Monga, Senior Associate; Aakanksha Dalal, Senior Associate; Shraddha Umesh Desai, Associate; and Paavani Gupta, Associate. The CCI team acted as the transaction counsel and was led by Harman Singh Sandhu, Partner; Yaman Verma, Partner; Raveena Sethia, Associate; Apurv Jain, Associate.
Saraf & Partners and EY advised Zomato Limited on legal aspect and tax aspect, respectively. Morrison & Foerster (Hong Kong) advised SVF Growth (Singapore) Pte. Ltd. Gunderson Dettmer, LLP advised Internet Fund III Pte. Ltd. Indus Law advised Sequoia Capital India Investments IV. DSTG Services, LLC advised Apoletto Asia Limited and its affiliate Euler Fund, L.P. Abu Dhabi Capital Group and KTB Network Co., Ltd. were advised by the respective in-house legal teams.
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